Elon Musk, co-founder and chief chief executive officer of Tesla Motors.
Yuriko Nakao | Bloomberg | Getty Images
Check out the companies making headlines after the bell:
Tesla pay outs surged more than 14% during extended trade after a big earnings beat. Tesla reported earnings of $1.86 per serving excluding certain items, far more than the 42 cent loss per share analysts anticipated. Revenue happened in at $6.30 billion, just shy of the $6.33 billion Wall Street had expected, according to Refinitiv.
“We are highly confident in excessive 360,000 deliveries this year,” said the company in its earnings report.
Shares of Ford sank nearly 4% after the assemblage cut its full year outlook and posted mixed earnings for its third quarter. Ford cited fourth-quarter headwinds cognate with lower China volume and higher warranty costs since its last full year guidance.
For its third district, the automaker reported earnings of 34 cents, exceeding the 26 cents Wall Street expected, according to Refinitiv. Automotive net income came in at $33.93 billion, just shy of the $33.98 billion analysts expected.
PayPal shares jumped more than 9% after the bell check up on its third-quarter earnings that topped Wall Street’s expectations. The online payments giant posted earnings of 61 cents on yield of $4.38 billion, exceeding the earnings of 52 cents on revenue of $4.35 billion analysts expected, according to Refinitiv consensus feelings.
Paypal’s total payment volume also beat expectations at $178.7 billion, while Wall Street estimated $177.5 billion.
Microsoft quotas slipped 1% before recovering most of those losses after the company reported better-than-expected earnings for its in the beginning quarter. The tech giant posted earnings of $1.38 per share on revenue of $33.06 billion, while Wall Roadway expected earnings of $1.25 per share on revenue of $32.23 billion, according to Refinitiv consensus estimates.
Shares of eBay renounced more than 3% despite the company reporting a third-quarter earnings beat on the top and bottom line. The e-commerce retailer reported earnings of 67 cents per ration, while analysts expected 64 cents. Revenue came in at $2.65 billion, just above the $2.64 billion assumed, according to Refinitiv consensus estimates.
EBay also lowered its fourth-quarter guidance. It expects earnings of 73 cents to 76 cents per share, and takings between $2.77 billion and $2.82 billion. That’s below analyst expectations of 76 cents per share on interest of $2.85 billion.
Shares of Las Vegas Sands slipped 1% then settled near its closing price after the band’s third-quarter revenue fell short off expectations. The casino and resort company brought in $3.25 billion in revenue, compared to the $3.29 billion Go broke Street forecast, according to Refinitiv. Las Vegas Sands matched earnings estimates of 75 cents per share.
Ardour Airlines shares jumped nearly 5% after the bell following the company’s announcement that it will realize 100 Airbus aircraft, with the option to buy an additional 50 planes. Spirit’s memorandum of understanding includes a mix of Airbus A319, A320, and A321 imitations, according to a press release. The aircraft are planned for delivery through 2027.
The budget airline also reported third-quarter modified earnings of $1.32 per share on revenue of $992 million, while analysts anticipated a $1.23 EPS and revenue of $987 million, according to Refinitiv.
Align Technology dues spiked nearly 9% after the bell following the company’s third-quarter earnings beat. The manufacturer of orthodontic paraphernalia reported earnings of $1.28 per share on revenue of $607 million, compared to the $1.14 EPS and $594 million Wall Alley expected, according to Refinitiv.
Align expects fourth-quarter revenue between $640 million and $650 million, surpassing the $639 million analysts had forecast.
Shares of Lam Research rose 5% after the bell following its first-quarter earnings that nipped analyst estimates. The chip-maker reported earnings of $3.18 per share excluding certain items and revenue of $2.17 billion. Analysts foresaw earnings of $3.01 per share and revenue of $2.16 billion, according to Refinitiv consensus estimates.